New USMCA Provisions

• Binding obligations on currency misalignment.

• A sunset clause requiring a joint review and agreement

on renewal at year 6; in lieu of mutual agreement at the

time, USMCA would expire 16 years later.

• A new chapter on State-Owned Enterprises (SOE).

__* De minimis customs threshold for duty free treatment set

at $117 for Canada and Mexico. Tax-free threshold set

at $50 for Mexico and C$40 for Canada.__

• Allowing a party to withdraw from the agreement if

another party enters into an FTA with a country it deems

to be a nonmarket economy (e.g., China).

https://crsreports.congress.gov/product/pdf/IF/IF10997